May 10, 2016

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

Dozens of Big Firms to Appear in New 'Panama Papers' Database Journalism group releases searchable Panama Papers database that includes a number of law firm names All five magic circle law firms named in new ‘Panama Papers’ database Second Tranche of Offshore Docs Reveals More Big Firms
(DBN)

After $35M Chadbourne settlement, second law firm faces litigation over Stanford Ponzi scheme
(DBN)

On Growing Forever, When The Economy Is Not
(DBN)

Robins Kaplan Adds Ex-Weil Bankruptcy Pro in New York
(DBN)

Dentons Looks to Expand Reach Through Referral Network Dentons launches free legal referral network that relies on new technology
(DBN)

In a first, a BigLaw firm announces it will use artificial intelligence in one of its practice areas (bankruptcy)
(DBN)

Coming and Going Concerns
(DBN)

Law firms report confidence drop
(DBN)

Mark Herrmann, as Client, Tells How He's Disrupting Business of Law
(DBN)

Client-led Change: Toward a More Perfect Legal Market
(DBN)

How Can Comedy Help Biglaw With Issues Related To Gender, Diversity, And Inclusion?
(DBN)

Big Law Stays Silent as ABA Weighs Law Firm Ownership Rules
(DBN)

‘Do Them Your F------ Self,’ Departing Associate Tells Partner
(DBN)

Bankruptcy Lawyer: Stop Waiting For A Permission Slip
(DBN)

Lanny Davis opens a new law firm at an age when many practitioners retire
(DBN)

Dissecting A Partner Move: An Interview With Mark Bravin
(DBN)

Women Without Support Networks Will Likely Leave Their Law Firms
(DBN)

With Ph.D. Hiring Trend, Who'll Help Law Students Find the Courthouse?
(DBN)

Law Student Says He Was Almost Expelled From BYU For Writing Book In Favor Of Gay Marriage
(DBN)

LSAC Backs Down (For Now) On Threat To Expel University Of Arizona For Use Of GRE In Law School Admissions
(DBN)

Pace University’s Law Dean on Name Changes and the State of Legal Education
(DBN)

Professors' Candor About Problems Aids Students
(DBN)

Formerly Drowning Law School Sees Enrollment Bonanza On Horizon
(DBN)

Opposition to Arizona Law School's Use of GRE Fizzles
(DBN)

Law Schools Tackle Mental Health
(DBN)

This 27-year-old is going to prison for life because his fiancée OD’d
(DBN)

Arkansas man planned to hang 7 mayors over Common Core and overthrow US with ‘Christian army’
(DBN)

Cops: Woman, 26, molested fellow female passenger on flight from Vegas
(DBN)

Man faces hate crime charge over dog's 'Nazi salute'
(DBN)

For Lawyers, Facebook Friending Your Opponent Can Lead To Trouble
(DBN)

Fight Over N.C. Bathroom Law Escalates With State, U.S. Suing Each Other Loretta Lynch Calls Out North Carolina and Governor Pat McCrory
(DBN)

ACLU sues over Mississippi ‘religious freedom’ law, says it violates landmark SCOTUS marriage ruling
(DBN)

3 college students have been kicked out of school after charges that they lied about being hate-crime victims
(DBN)

A master networker shares a simple trick to connect with anyone in a matter of minutes
(DBN)

A woman who spent more than 2 years in solitary confinement is suing New York for $10 million
(DBN)

Texas Sheriff with Militia Ties Brings Chaos
(DBN)

Seattle Lawyer Apologizes For Losing His S--- Over The Sonics
(DBN)

Lawyer who fired gun in police standoff wants to switch to criminal law
(DBN)

Texas Man Sentenced and His Mother Awaits Trial For The Killing Prom Date
(DBN)

Penn Professor Thrown Off Plane After Woman Sees Him Doing Strange Notations . . . That Turn Out To Be Math Calculations
(DBN)

Did David Boies Just Work For Scale? Prominent Litigator Appears on ‘The Good Wife’ Finale David Boies Has a Thing for The Good Wife
(DBN)

______________

Judges:

NY Bankruptcy Judges Irked By Long-Winded First-Day Filings
(DBN)

ED MI: The Walter Shapero Bankruptcy Symposium
(DBN)

ED NY: Chapter 11 Lawyers' Advisory Committee, Minutes
(DBN)

Trump's SCOTUS Could Change America
(DBN)

What Would Nino Do With Garland's Nomination?
(DBN)

Merrick Garland to Send Questionnaire to Senate Judiciary Committee
(DBN)

The GOP's Supreme Court blockade has nothing to do with 'the American people'
(DBN)

The prospect of Trump picking a Supreme Court nominee doesn't scare Republicans
(DBN)

Alito Writes Praise for Novel That Promotes Chief Justice to Pope
(DBN)

History as Farce at the Alabama Supreme Court Alabama chief justice could be removed again, this time over gay-marriage order Alabama Chief Justice Suspended, Again
(DBN)

N--- photos of defendants at judge’s home a ‘turning point’ in resignation decision, official says Judge Resigns After Prosecutors Find Thousands of Photos of N--- Defendants on Computer
(DBN)

______________

Wall Street:

US stock futures higher as oil rebounds Dow futures up 100 points as oil rallies, with jobs data on deck
(DBN)

Stocks close mixed as energy weighs
(DBN)

This rare technical signal is flashing red
(DBN)

Goldman: The Search for Yield Begins
(DBN)

Goldman Keeps Firing Bankers
(DBN)

______________

Layoffs:

PA Bill to end Seniority in Teacher Layoffs
(DBN)

Solar firm NRG cuts 500 workers nationwide
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Personal Finance:

11 perfect gifts for new college graduates
(DBN)

What hiring managers are really trying to figure out when they ask, 'What are your hobbies?'
(DBN)

Five Things Never To Do With Your Resume
(DBN)

___________

Hedge Funds:

Hedge Funds Faced Choppy Waters in 2015, but Chiefs Cashed In
(DBN)

____________

Bankruptcy Crimes:

Business owner on trial for bankruptcy fraud
(DBN)

____________

Hollywood:

Netflix Plan to Stream Relativity Films Threatens Studio’s Comeback
(DBN)

____________

Alternative Energy:

Will TerraForm Follow SunEdison to Bankruptcy ?
(DBN)

SolarCity Shifting Strategy Spurs Questions About Business Model SolarCity's Stock Plunges On Big Quarterly Loss, Disappointing Outlook
(DBN)

Riding the ‘Solarcoaster’ as Shares Plunge Even More Than Coal
(DBN)

____________

Gambling:

Caesars Appoints Former Bankruptcy Judge As Restructuring Officer As CEOC Talks Appear To Stall
(DBN)

____________


Economy:

One of the biggest economic warning signs still looks frightening
(DBN)

More Employment Graphs: Duration of Unemployment, Unemployment by Education, Construction Employment and Diffusion Indexes
(DBN)

Pace of Total U.S. Consumer Borrowing Surges
(DBN)

Update: "Scariest jobs chart ever"
(DBN)

Trump quickly backtracks on remarks about raising taxes on wealthy Americans Donald Trump replaced a bizarre debt solution with an even stranger one Trump just threatened your 401(k) Trump backtracks on proposal to renegotiate U.S. debt Trump's debt policy smacks of bankruptcy
(DBN)

Trump Wants End of Federal Minimum Wage
(DBN)

When Zenefits banned vacations for employees, COO David Sacks went to the Caribbean
(DBN)

The Bankrupt Delusions of Donald Trump, the ‘King of Debt’
(DBN)

Fact-checking a $15 minimum wage
(DBN)

Something in Economy Changed Last Year
(DBN)

The Meaning of Inequality
(DBN)

US Debt Clock
(DBN

World Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Mortgage Rates Steady Near 3-Year Lows
(DBN)

Existing-home sales posted best first quarter in nearly a decade
(DBN)

Phoenix Real Estate in April: Sales up 1%, Inventory up YoY
(DBN)

The lower Manhattan real estate bubble is bursting
(DBN)

Regular on New York's 'Worst Landlords' Lists Is Charged
(DBN)

Fannie Mae: Consumers never felt so poorly about home buying
(DBN)

Fannie Mae, Freddie Mac mortgage modification interest rate falls to new record low
(DBN)

____________

Municipalities:

Detroit schools face bankruptcy without state help, report says
(DBN)

Puerto Rico's Economic Crisis: How It Happened, What's Next
(DBN)

Puerto Rico Bill to Obama by July 1 Is `Feasible,' Bishop Says
(DBN)

Lew Says Puerto Rico's Future Hinges on Debt Deal in Congress
(DBN)

PREPA bondholder group offers to pre-fund bond purchase agreement and extend restructuring support agreement
(DBN)

Jack Lew warns time is running out for Puerto Rico Treasury Secretary Jacob Lew Tours Puerto Rico to Urge Action in Congress
(DBN)

Puerto Rico Seeking to Sell Water Bonds Even as Crisis Worsens
(DBN)

Puerto Rico, Illinois or bust
(DBN)

East Cleveland City Council -- not mayor -- must file for bankruptcy
(DBN)

The Most (and Least) Bankrupt States in America
(DBN)

____________

Oil/Gas:

This infographic shows the explosion of bankruptcies in the energy industry Oil bankruptcies rack up as banks cut credit lines The 15 Biggest Oil Bankruptcies (So Far)
(DBN)

Chaparral Energy Files for Bankruptcy Protection Chaparral Energy files for Chapter 11 bankruptcy protection Chaparral Files for Bankruptcy to Cut $1.2 Billion in Debt Petition First Day Pleadings
(DBN)

Banks anticipate more pain despite crude’s rally
(DBN)

Crude prices rise as supply outages ease worries about global glut Oil Rises From Two-Week Low as Threat of Supply Disruption Looms Oil traders cautious after plunge as Canada fires ease
(DBN)

Big Oil Abandons $2.5 Billion in U.S. Arctic Drilling Rights
(DBN)

Russian Oil Executives Not Optimistic About Oil Prices
(DBN)

Global Rig Count Continues To Fall Global Rig Count Continues To Fall
(DBN)

Saudi Arabia to maintain production at high levels Saudi Changes Meet Resistance
(DBN)

Seventy Seven Energy asks lenders to approve reorganization plan
(DBN)

Magnum Hunter Resources emerges from Chapter 11
(DBN)

Breitburn Energy Partners: Interest Payment Grace Period And Credit Facility Concerns
(DBN)

Exxon Scrambling to Contain Climate Crusade
(DBN)

Pacific Exploration gets new restructuring proposal from EIG
(DBN)

Texas energy company owner gets prison for Ponzi scam
(DBN)

What OPEC Has To Fear From The New Saudi Oil Minister
(DBN)

Bankrupt Energy Companies Can Return with Winning Mindset
(DBN)

Mergers? Meh: Deal-making slows to 'pretty dead' pace in Texas
(DBN)

Nigerian Oil Output Falls Toward 22-year Low as Violence Spreads Nigeria Oil Union Says Shell, Chevron Workers Evacuated
(DBN)

Petrobras worker boomtown turns ghosttown as corruption bites
(DBN)

Norway's Biggest Bank Sees Offshore Downturn Lasting to 2020
(DBN)

Europe: Corporate Downgrades Top Upgrades in 1Q16, thanks to Oil & Gas
(DBN)

Oil and gas bust slows state job growth
(DBN)

CO: Gas companies owed refunds worth millions
(DBN)

Resilient U.S. drillers squeezing out more oil than expected, Goldman says
(DBN)

____________

Politics:

Donald Trump believes he is a financial genius, which is a problem Here are 6 places you could move — besides Canada — if Donald Trump is elected Reince Priebus acts like he’s still in charge: ‘Trump is not wanting to rewrite the platform, okay?’ Paul Ryan Says He Would Quit as Convention Chair if Trump Asked Donald Trump Amplifies His Stances on Tax Cuts, U.S’s Debt Troops prefer Trump to Clinton by huge margin Jon Stewart breaks silence with rant on 'man-baby' Donald Trump Why Donald Trump Needs the Republican Establishment Trump Trolls America's Bankers Donald Trump Says He Might Make "Exception" to Muslim Ban for London's New Mayor
(DBN)

Bernie Sanders takes shots at Trump in Atlantic City Bernie Sanders Criticizes Atlantic City’s Casino Industry Sorry, Bernie fans. His health care plan is short $17,000,000,000,000.
(DBN)

____________

Coal:

Forget coal , just help coal workers
(DBN)

Coal mining jobs in West Virginia aren't coming back
(DBN)

Army Corps Blocks Giant Puget Sound Coal Export Terminal US Government Upholds Its Treaty Obligations - Rejects Giant Coal Export Terminal
(DBN)

Arch beats deadline in tax payment
(DBN)

Bankrupt Miner Arch Coal Files Restructuring Plan Arch Coal Could Have Fight Over Bankruptcy Plan
(DBN)

Arch Coal may face fight over bankruptcy plan
(DBN)

____________

Broker-Dealers:

Judge rejects terms of RCS capital bankruptcy
(DBN)

Brokerages With Checkered Past to Face New Disclosure Focus, Finra CEO Says
(DBN)

____________

Fertilizer:

Legend International Files for U.S. Bankruptcy Protection
(DBN)

____________

Shipping:

Third Circuit Court of Appeals Upholds Carrier’s “Extended” Maritime Possessory Liens
(DBN)

Singapore Bunker Supplier Dismisses Bankruptcy Rumors
(DBN)

Hyundai Heavy Industries Will Cut Jobs, Sell $1 Billion in Assets
(DBN)

Samsung Heavy may unveil overhaul plan next week
(DBN)

____________

Alternative Finance:

Lending Club Lays Bare Marketplace Lending's Problems
(DBN)

___________

 


New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (27 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 new filings today)
(DBN)

Bankruptcy Code - Prior BK Codes - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Bankruptcy Statistics:

US Commercial Bankruptcies Soar
(DBN)

______________

Venue:

What Are You Doing in This Court? SDNY Bankruptcy Court Transfers Post-Confirmation, State Law Dispute with Non-Debtors Back to the “Home” Bankruptcy Court
(DBN)

____________

Receivers:

Q: Injunction Junction – What’s Your Function? A: Terminating Bankruptcies
(DBN)

____________

Avoidance Actions:

Golf Channel Finds the Fairway in Fraudulent Transfer Litigation – Good News for Vendors in Ponzi Scheme Cases
(DBN)

____________

Recent Pleadings:

UST Doesn't Like Motion To Seal Bonus Plan
(DBN)

______________

Fraud:

Panama Papers: New Zealand Elvis impersonator linked to Iraqi oil scandal
(DBN)

Here are all the notable people we've found in the Panama Papers so far
(DBN)

South Korea's biggest petrochemical company was duped into paying $21 million to a fake Saudi Aramco
(DBN)

____________

Pharma:

'The company is at risk of getting into a death spiral'
(DBN)

____________

Autos:

Here's why Elon Musk has been sleeping on Tesla's factory floor
(DBN)

____________

Retailing:

Gap's Bloodbath Continues As April Sales Plummet
(DBN)

Analysts: Dick’s Could Take Over 80-180 Sports Authority Stores
(DBN)

Aeropostale's bankruptcy filing reflects retail changes
(DBN)

Scoop NYC Closing All Stores, Including LA
(DBN)

____________

Banking:

Credit Suisse Posts Loss as Thiam Signals Cost-Cutting Progress
(DBN)

____________

Pensions:

Central States chief warns of insolvency
(DBN)

____________

Arbitration:

The CFPB's Proposed Rules on Consumer Financial Arbitration
(DBN)

____________

Distressed Investing:

If junk bonds slip, a big market drop will be ahead: Technician
(DBN)

Traders Eye $100 Billion More Emerging-Market Fallen Angels
(DBN)

____________

Tax:

Economists: Tax Havens Have No Justification
(DBN)

____________

Celebs:

‘Real Housewives Of New Jersey’ Star Teresa Giudice Faces New Legal Battles
(DBN)

____________

Student Debt:

Parents Tell Kids to Borrow More for College
(DBN)

____________

UK:

Insolvency decline topples asset recovery firm
(DBN)

R3's moratorium proposals for insolvent companies could save businesses
(DBN)

To Brexit or to Bremain? That is the Question on 23 June 2016
(DBN)

'Abused', 'a-typical' and a £300 million pension blackhole: Here's what we learned from the first day of the BHS inquiry
(DBN)

UK pensions 'lifeboat' flagged concern about BHS fund in 2012
(DBN)

____________

PIIGS:

Eurogroup meeting ends without Greek debt deal What’s Blocking an EU Deal on Greek Debt Aid? Greek reforms must be reviewed before any debt restructure-Germany Schäuble: no deal on Greek debt relief until late-May Greece and its creditors inch closer to debt deal Greek bonds and shares surge after debt relief progress
(DBN)

Greek Debt Crisis: This Is Puppet Theatre About How Creditors Lose Their Money, Not Whether
(DBN)

____________

Canada:

Canadian Wildfires Slow Their Spread Canada Wildfires: Insurance Claims Could Soar
(DBN)

Six months into insolvency, Soo steel maker's fiscal woes place Port of Algoma in jeopardy
(DBN)

Attorney General’s Office had hundreds of complaints before Northwest Territorial Mint’s bankruptcy
(DBN)

Suncor looks to restart oil-sands production after wildfires Canada's Oil Output Spared Fire Damage Seen Able to Rebound
(DBN)

Developer Urbancorp Owes Creditors $70.3 Million, Documents Show
(DBN)

____________

Venezuela:

Catastrophe Is the New Normal for Venezuelans
(DBN)

____________

Australia:

Mining, retail lead jump in company insolvency
(DBN)

No right to terminate for insolvency
(DBN)

Bad Aussie Resource Debts Weigh on Bank Profits
(DBN)

____________

India:

How bankruptcy code could benefit both industry & financial services
(DBN)

New era of reforms: The Bankruptcy & Insolvency Code
(DBN)

Flaws in the Bankruptcy Code
(DBN)

Bankruptcy law can be a game-changer
(DBN)

Bankruptcy code a shot in the arm for ARCs, lenders: Crisil
(DBN)

____________

Argentina:

S&P raises Argentina's credit rating, but warns about the 40% inflation
(DBN)

____________

China:

China’s credit cycle will deliver opportunities for the brave
(DBN)

China Railway Materials says company will try to pay debts in time
(DBN)

____________

Malaysia:

1MDB Default Deters Funds as Malaysia Can't Put Scandal to Bed
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $63/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2016